You can afford a $850 per month mortgage payment. You've found a 30 year loan at 8% interest. a) How big of a loan can you afford? b) How much total money will you pay the loan company? c) How much of that money is interest?

Q: You can get a car loan with a term of three years at an apr of 3%. If you can afford a monthly…

A: Given: interest rate per annum is= 3%, monthly payment= $300, time=3 years To find the amount of…

Q: Your total payment on a 2 year loan, which charged 9.5% annual simple interest, amounted to $70,560.…

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Q: In 6 years Harry and Sally would like to have $24,000.00 for a dow use. How much should they deposit…

A: In this question, the monthly payment is to be calculated using the formula. M1-1+i-ni=A

Q: The total of the monthly payments for a 5-year loan is $10,692. The APR is 7%. How much money was…

A: Total payment is At=$10,692. The rate of interest is r=7%. Number of years is n=5. The formula for…

Q: Nina and Michael have been approved for a $300,000 30-year mortgage with an APR of 5.25%. How much…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: A $2000 Treasury bond with a coupon rate of 5.9% that has a market value of $1775

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Q: If you buy a computer directly from the manufacturer for $2,838 and agree to repay it in 36 equal…

A: Please refer to the image below

Q: The parents of a 6-yr old boy have agreed to deposit $5 in their son's bank account on his 7th…

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Q: The Mendez family is considering a mortgage loan of $349,000 at an annual interest rate of 6.95%.…

A: The Mendez family is considering a mortgage loan of $349,000 at an annual interest rate of 6.95%.a…

Q: Michael needs Php 10,000 for the renovation of their house. If he will apply for a discounted one…

A: Simple interest(I) of principal amount P, with rate of interest r% for t years is given by, I=…

Q: If you purchase an item for $1,295 at an interest rate of 9.8% and you finance it for 1 year, about…

A: Suppose that X purchased an item, Cost of the item purchased by X, P=$1295. The interest rate,…

Q: A major shippingcompany is planning to purchase new cargo ships. It wants to borrow $1100 million by…

A: Given that, A major shipping company is planning to purchase new cargo ships. It wants to borrow…

Q: How much will you pay on interest if you buy a $213,000 home on 4.6% interest with monthly payments…

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Q: Mr. Samson handed out an intact of 100 BHD as a check-in deposit for his stay in Diamond Hotel. He…

A: Given: Mr. Samson handed out an intact of 100 BHD as a check-in deposit for his stay in Diamond…

Q: A loan of $10,967 was repaid at the end of 18 months. What size repayment check (principal and…

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Q: 10. If Luke put $8,000 into his savings account and earned $100.00 of interest at .25% simple…

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Q: A loan of $7,215 was repaid at the end of 11 months. What size repayment check (principal and…

A: The amount of the repayment check was $____

Q: You promise your niece that you will give her $1 on her first birthday and double that amount every…

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Q: 5) A new one-year membership at Vista Tennis Center costs $160. A registration fee of $28 is paid up…

A: We can solve this by making equation using registration fee and membership cost.

Q: Gina buys her first house for $250,000 at 5% APR with a 30-year mortgage.a. Find her monthly…

A: a) It is given that, Gina buys house for $250000 at 5% APR with a 30-year mortgage. Here Principal…

Q: rate

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Q: Raia purchases a finances it with a at a rate of 4.25% car payments?

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Q: You can get a car loan with a term of three years at an APR of 5%. If you can afford a monthly…

A: Given, Loan term = 3 years = 3×12 = 36 months  APR = 5 %  Monthly payment = $ 600  We have to find…

Q: Juan De Mesa borrowed P50k at 2% per month payable in 36 equal end the month payments. a. How…

A: Juan De Mesa borrowed 50,000 at a interest rate of 2% payable in 36 equal end of the month payments.…

Q: An individual borrowed ​$78,000 at an APR of 3​%, which will be paid off with monthly payments of…

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Q: If auto insurance costs $6.46 per $1,000 of coverage, what is the cost (in dollars) to insure a car…

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Q: Find the amount of simple interest earned for depositing the given principle in an account. P=…

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Q: a. Identify the amount​ borrowed, the annual interest​ rate, the number of payments per​ year, the…

A: Here we have, An individual borrowed  $72,000 at an APR of 6​% which will be paid off with monthly…

Q: A loan of $2000 was made at 5.5% for four months.

A: Introduction: The FV formula assumes a gradual rate of growth and one direct payment that continues…

Q: Consider a 30-year fixed-rate home loan of $515,500 with an interest rate of 5.75%. What is the…

A: Given: P=  $515,500 ,           r=5.75% =0.0575 ,                        t=30 year

Q: 4. Jessica makes $24,000 a year, but receives weekly paychecks. If 12% of her check is withheld for…

A: As per policy only first question is answered. Ques 4. Annual Income of Jessica = $24,000 Federal…

Q: Your total payment on a 7 year loan, which charged 7.5% annual simple interest, amounted to $70,860.…

A: Solution: We know that simple interest formula for calculating principal(borrowed money) is, P =…

Q: 1. The fees for 9-months of college are shown below. How much would it cost, rounded to the nearest…

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Q: Olivia wants to pay her student tuition and fee in four annual payments: 6,000TL, 8,000 TL and…

A: Olivia wants to pay her student tuition and fee in four annual payments: 6,000TL, 8,000 TL and…

Q: If you would like to make $2236 in 8 years, how much would you have to deposit in an account that…

A:

Q: Consider a 30-year fixed-rate home loan of $515,500 with an interest rate of 3.75%. What is the…

A: Let  L, c and n denote the loan amount, the rate of interest per payment and the number of payments.…

Q: Consider a 30-year fixed-rate home loan of $525,500 with an interest rate of 3.75%. What is the…

A: We have to find the interest of given amount. The solution is following.

Q: An investor purchased a 93-day, Government of Canada T-bill that had a simple interest rate of 4.50%…

A: Given problem:- An investor purchased a 93-day, Government of Canada T-bill that had a simple…

Q: Consider a 30-year fixed-rate home loan of $595,500 with an interest rate of 3.25%. What is the…

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Q: 1. Mr. Cruz borrowed P110,000 at 5% simple interest to pay as down payment for a house and lot. If…

A: Solution

Q: Your total payment on a 7 year loan, which charged 6% annual simple interesr , amounted to $60,860.…

A: Given information -  Time period of the loan = 7 year. Rate of simple interest = 6% Total amount…

Q: Consider a 30-year fixed-rate home loan of $535,500 with an interest rate of 5.25%. What is the…

A:

Q: assume you will put down 10% on a house that costs 424,900 dollars, and borrow the rest. What is the…

A: Cost of house=$424,900 Amount put down=10%

Q: If you pay $1,277 each month on your home mortgage for 20 years, how much will you pay in total for…

A: Total pay = money pay per month × duration

Q: Steve Carrell has agreed to deposit $200 into a fans bank account on their 20th birthday and to…

A: Given : Steve Carrell has agreed to deposit $200 into a fans bank account on their 20th birthday and…

Q: A family obtained a 1m mortgage. If the monthly payment is 38,000 for four years, how much is the…

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Q: 2. Nominal wage = P29,650.00 Real wage = P11,627.45 llan ang CPI?.

A: We have to find CPI.

Q: How much will your principal be? At the end of 5 years, how much will you have to pay back? If you…

A: Here AS PER POLICY I SHOULD HAVE TO CALCULATE 3 SUBPART ONLY EVEN IF I HAVE CALCULATED 4 PLZ REPOST…

Q: 2. Sammy borrowed $10,000 to purchase a new car at an annual interest rate of 11%. She is to pay it…

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Q: Jennifer received a loan at 5% p.a. simple interest for 8 months. If he was charged an interest of…

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